2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS: årsregnskap 2017 vs 2016
Grew 150% on revenue
approved 2018-06-30; registry 2018-08-06; journal 2018 866393
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS. Revenue 11.84m NOK → 29.61m NOK (+150.0%). Net result +389.9k NOK → +376.6k NOK. Equity 894.0k NOK → 679.9k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.84m NOK to 29.61m NOK (+150.0% YoY). Calculated
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↑
Operating result improved
Operating result +559.3k NOK → +905.7k NOK (op. margin 4.7% → 3.1%). Calculated
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↑
Cash rose
Bank deposits 30.7k NOK → 4.52m NOK (+14633.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 894.0k NOK → 679.9k NOK (equity ratio 34.9% → 8.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 232.1k NOK → 724.4k NOK (2% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.43m NOK → 26.43m NOK (+153.5% YoY). Calculated